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"Soros' hedge-fund empire grew in subsequent decades, making him a multi-billionaire, while Rogers' net worth, which he declines to disclose, is a fraction of that, although it's certainly not insubstantial. True. And that was literally 25 years ago. Since then, no one on Wall Street has...

is there any doubt that Bush's speech on the state of the U.S. financial markets ( that was mysteriously cancelled ), helped tip-off media and trading desks that AIG was about to be bailed-out? http://news.yahoo.com/s/ap/20080917/ap_on_go_pr_wh/bush_markets FYI: The rally started at...

And of course those insurance companies will be all too eager to insure everything under the Sun, including CDO's. Don't think so, my friend.

And here everyone thought that Bush was big on CAPITALISM. :D

So much for Paulson being reluctant to facilitating a "bail-out". Was a $20 billion liquidity issue, now it's an $85 billion dollar capital problem because of 3 successive downgrades.

Agreed.

The Govt. would get warrants for most of AIG's equity.

Exactly. And guess what happens to the Economy and the financial markets when the #1 bond insurer in the Nation goes down the tubes and there no longer is anyone to step-up and insure these kinds of securities? AIG ended Q2 with $1.05 TRILLION in assets. Lehman only had $600 billion...

I just did. Quite typical of Wall Street. But who is to really say what capacity some of these people worked in . . . Could have been a lot of people in Administrative positions, Syndication, Public Finance, etc. - - - Those areas are quite "cookie-cutter" in knowledge base. Nothing new...

Spitzer had absolutely NOTHING to do with interest rates being lowered to absurd levels via Alan Greenspan, and the relative ease of obtaining a mortgage. Spitzer prosecuted people in 2006/2007. This was WELL AFTER all of the mortgage shenanigans had already done their "dirty" deeds, the...

Put down the crack-pipe, Son.

You can't be serious.

You don't get it. That was not the issue with AIG.

If that's the case, why then is the 10-year CPI trading at a mere 1.6%? Where is ALL of that Inflation that Bernanke created earlier this year? Where are all of the ET INFLATION protagonists and Helicopter Ben Bashers??? :D

You are highly ignorant, or terribly misinformed. 9,000 of Lehman's Investment Bankers and employees of the Capital Markets Group were just bought out by Barclays. Thus, they aren't gone. They just went to another Bank.

Nothing new here given the current environment. How else were trades going to clear? Meanwhile, Barclays buys out Lehman's Capital Markets group and Investment Banking unit. Roughly 9,000 employees.

Helicopter Ben and his ET buddies wants to remain vigilante against INFLATION while the entire banking system goes down the tubes . . .

You don't get it. No one is in any shape to loan out $75 Billion, even under the circumstances of a "bridge" loan. On another note, some day, the SEC will get a clue. The stock price is MORE important than the company itself. It's all about confidence. SEC Commissioner Cox and the...

You and the rest of your Bernanke Basher buddies here on ET should be so pleeeeeassed!!! All Ben did was talk about remaining vigilante against INFLATION. Nothing whatsoever about Lehman, Wachovia, Wamu, or AIG. I guess Ben now thinks that AIG isn't "big" enough to fail . . . Go figure...

Mup, I'm just talking out of my arse about a "wave 4". (having a pint of Guinness too!) But several people here have been postulating about one, I believe. :)